Mo. company gets $5 million to move 1 mile

An insurance marketing company is receiving $5 million in incentives to move one mile from Missouri across the border to Kansas.

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By AP

Dodge City Daily Globe - Dodge City, KS

By AP

Posted Dec. 6, 2012 at 12:00 PM

By AP
Posted Dec. 6, 2012 at 12:00 PM

KANSAS CITY, Mo.

An insurance marketing company is receiving $5 million in incentives to move one mile from Missouri across the border to Kansas.

Kansas economic officials say SelectQuote Senior Insurance Services' move from Kansas City to Leawood, Kan., is good for the state. SelectQuote plans to consolidate its local call center operations.

But a Kansas City civic leader says it's another example of business poaching that is costing Missouri and Kansas millions of dollars in lost tax revenue, which hurts the Kansas City metro area on both sides of the state line.

SelectQuote officials say about 150 employees with an average salary of $55,000 will be consolidated at the new office. The Kansas City Star reports the incentive calls for 290 new full-time jobs within five years.